Previous studies argued that low investment-cash flow sensitivities of German firms may be caused by dominance of … panel data approach show that the dependence of investment spending on internal funds does not significantly differ between …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. …

The paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves … performance of a firm that has PE backing is lower than that of a firm without PE backing in the first year of PE investment. Such …

Foreign direct investment has been one of the main drivers of economic developments over the past few years in Central …

for working capital financing, however the arguments for pecking order theory in investment financing are not that strong …

-financial corporations to increasingly finance investment out of retained earnings, thus lowering their dependence on external finance. This …

This paper reviews the major finance-related causes of private under-investment in innovation and the consequent …